Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.

No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened.

Idk how people can believe anything labcoin says when they put out a definitive statement like this:

and have it be completely untrue. It appears as though generation 1 has failed completely.

They just need to admit the chips worked initially, and then they found them cannot work stably. They've spent 2 weeks try to fix the problem and still trying their best, but the result is not predictable yet. They are looking for other methods to compensate the investors, meanwhile the 2-gen chips R&D moves smoothly, and working chips are expected by the end of October. Deploying 500TH by the end of December is still on the plan.

Basically nothing. More dumping and buying-up of shares while FUD continues from everyone who "doesn't own any shares". And Burnside posted a "Warning" on the Labcoin page.

Keep in mind "Nothing" includes" no mining revenue coming into their address. Which means, obviously, they're not hashing.

The only revenue that did show up is consistent with them mining with their 3x, 3 module Avalons at 350Mh/s.

The other big problem is that they've had their chips for over a week, and no sign of hashing whatsoever. Over 24h since they posted their mining address, and funds started showing up there, which have since dried up.

Since PCBs only take 24 hours to have made the obvious conclusion is that their chips don't work, and they won't be hashing until they can fix the problems with the 130nm chip.[/b].

Based on some of their earlier comments - it seems like they may not even bother doing that instead waiting until their 65nm chips come in.

24h ago, it was reasonable to think they would start hashing really soon and we'd see revenue flow into their address. Since we haven't seen anything other then a few dumps of what were probably saved up coins in Slush and BTCGuild accounts, it now seems like there's little chance of that happening.

There's still people buying the asks it seems... Just earned the spread of 10% with a small amount of shares (I hold no long term position in Labcoin, but like to play the higher-lower game).

Of course, that works when a stock is relatively stable in some range, but eventually you get caught in a downward trend and you are stuck with a situation like this where there are bouts of massive dumping.

I have a feeling this will bounce back up to .002 at least, but that is only because it has in the past. I figure those guys buying all these shares at .0015 and .0016 are going to want to rake in some profit off selling higher.